Members of the US House of Representatives are planning a series of hearings to discuss clear crypto guidelines.
In a new press release, the heads of four different committees within the House say they plan to hold multiple meetings to identify and resolve regulatory issues within the crypto industry.
Lawmakers say they will aim for a balance between protecting investors without stifling innovation.
“It is clear digital assets and their underlying blockchain technology that hold promise. The transformational nature of this technology also creates regulatory challenges that affect both the House Agriculture and Financial Services Committees.
Our committees are embarking on an unprecedented collaborative effort to approve and sign clear rules of the road for the digital asset ecosystem. We need to find the right balance to protect consumers without stifling responsible innovation.
This week, we are holding additional subcommittee hearings to identify regulatory gaps related to digital assets. Next month we will hold a joint subcommittee hearing to consider ways to close those gaps. We are committed to finding workable solutions that provide much-needed regulatory clarity and certainty, while adhering to time-tested principles that protect market participants.”
Members involved include Representatives Patrick McHenry of North Carolina, chairman of the House Financial Services Committee; Glenn Thompson of Pennsylvania, chairman of the House Agriculture Committee; French Hill of Arizona, chair of the Digital Assets, Financial Technology and Inclusion Subcommittee; and Dusty Johnson of South Dakota, chair of the Commodity Markets, Digital Assets and Rural Development Subcommittee.
Although the meetings are planned for the near future, no official dates have been set yet.
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